Sara Lee announces it will close kosher meat processing plant in Chicago
DOWNERS GROVE, Ill. Sara Lee has announced that it will close a Chicago-area plant that makes kosher hot dogs and other packaged meats by Jan. 30, 2009. The company said that it plans to sell off the property and decommission the plant’s equipment.
The closure will affect about 185 employees. News that a possible closure would occur at one of Sara Lee’s North American plants was released earlier this year.
“This decision was made after careful consideration of our strategic, long-term plan, which focuses on categories where we have a strategic competitive advantage,” said C.J. Fraleigh, Sara Lee Corp. North America’s chief operating officer. “We value the contributions made by our employees and are working to help them prepare for the future by providing severance and outplacement assistance.”
Sara Lee has more than 44,000 employees at manufacturing sites worldwide.
Hy-Vee boosts private label with cheap meal options
WEST DES MOINES, Iowa Hy-Vee has launched a new program that provides 30 recipes to feed a family for cheap. The “30 meals for $3 per serving” launch includes recipes for popular dinners such as ham and swiss quesadillas, bar-be-cue cheeseburger sliders and French dip sandwiches with au jus.
The recipes all include Hy-Vee brand ingredients such as Hy-Vee bakery buns, Hy-Vee canola oil, Hy-Vee salsa and Hy-Vee shredded cheese.
InBev finalizes purchase of Anheuser-Busch
LEUVEN, Belgium InBev announced today that it has finalizes its acquisition of U.S. brewer Anheuser-Busch Cos.
The maker of Beck’s beer announced that the new company will be called Anheuser-Busch InBev and will trade under a new symbol starting Nov. 20. The buyout deal was worth $52 billion total, or $70 per share.
The newly combined company will produce about one-quarter of the beer consumed in the world and will generate about $36 billion annually, the companies said.
InBev also has recently reached an agreement with regulators to sell holdings of the Labatt USA beer business and licenses.